New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-23
THE GREAT DEAL IN THE COURTS.
MUCH GOSSIP IN WALL STREET.

6UbOhb THAT NIX. GARRETT MIGHT BE ARkESIEO-
HE AND Mr.. IVES REFUSE TO EXPLAIN.
The great Baltimore and Ohio deal has degcnerated
into question for tho Tho terms Of tho con-
tract between President Garrett and tho Ives syndicate
have not been made public, and IL they had been 1t
IL not certain that Wall Street would DO better satisfied
about the outcome Tho official announcement that
all negotiations had been ended and the beginning OF
suits by Henry s. Ives to compel ful1ment OF tho
agreement with Mr.. Garrett not sufficient TO
quell suspicious and rumors 1t reported yester
day, among other things that the Ives syndicate wouc
apply for injunction to prevent the transfer Oh tne
Baltimore and Ohio Railroad to other persons; ana
it was whispered that order Of arrest might DO
serious obstacle to Mr. CARROTS departure for Europe
to-day. The possible deductions fr,m the facts that
Mr.. Drexel from Philadelphia and that Jay
Gould and Robert Garrett visited Drexe Morgan Co..
offices not omitted. About this last named cir
cumstance J. Pierrepont Morgan said, smlingy Inc
story true but unfortunately the persons you nane
were here at different times. The only one hap
pened to Mr.. Gould, and his visit had moth
ing whatver to do with Mr.. Garrett or the Baltimore
and Ohio Railroad"
Robert Garrett was down town early In the day, but
aftorward In conference with Of the subor-
dinae officers about matters connected with the man.
agement Of the company during his absence In Europe
An intimate friend said Mr.. Garrett had
not the slightest notion of surrendering tho
money and securities given him by tho
Ives syndicate account Of the option. i have not
the contract" said he and really do not know
its exact character; but certain that Dit Garrett
would not have taken his present position In tho mat
ter without the approval OF the cOmpanys couhsei'
who probably has had the legal conduct VI the saie
throughout the negotiations The fact that MI Gar
rct considers tho threatened litigation as trihnS Is
proof to that the Ives people have no case
Cromwell g. Sullivan I'm the Drexel Building are TO
attorneys who have in charge tho two suits begun In
the Supreme Court by Henry S. Ives Co. against
Robert Garrett. AT their Office yesterday 1t was
stated that TRIBUNE had given the facts OF the
beginning OF the suits and the serving Of tho sum
Mir. Garrottat the Victoria Hotel on Thurs
day night and that There was nothing TO add 10 tho
statements The complaints had not been drawn up
Ia fact no papers had been prepared beyond the sum
monse and II was not likely that thoy would be ready
for some time The hrm did not desire to make any
further statement IL said, and sorry that tho
Information had been given TO the ublc. Tho SUITS
would not In erfere Mr.. Ga reu's departure for
Europe to-day, and tho firm had no design to embar-
Henry .. ives. tho principal plaintiff in the suits,
busy to ii'BgsE reporter yesterday, and
later In the day 1t said at his Office that no had
gone out OF town 1t is understood, however, that
had bought control control Of the Baltimore and Ohio
properties ard that The payments made by him were
in partial execution of tho bargain that no could have
kept his part OF the agreement II President Garrett had
permitted the transfer of the telegraph system, for
which he had found n purchaser; and thai he could
stu carry the contract II his not restricted
by these circumstances. IL Is somewhat doubtful II the
suits would have been brought II tho principal counsel
for Mr. Ives had not been absent from the city, and ID
H. surmsed that the failure to Indicate tho specific
grounds of the complaint may be a sign that COM
promise Is under consideration. The runors about an
Injunction and arrest regarded In quar-
tiers attempt to compel from Mr.. Garrett q
restoration of the payment already nado
NJ Garrett spedt busy afternoon at the Victoria
Hoel yesterday. He received large pile Of dispatches
and letters and kept four secretaries ani clerk. hard at
work. To a tribune reporter who saw him for few
minutes he said
81 shall certainly 70 TO Europe Tomorrow. I have
nothing further to say about the Baltimore and Ohio
deal beyond what has already been published II any.
thing Of which could talk had opened would gladly
give IL to yoL"
one Of the Wall Street agencies during the day
published n statement that In the evening Mr.
Garrett "wo Ill give dinner to party OF
friends. incl ding n number or railroad men" The
only ground for this the course OF the even
Ing Mr. Garrett held ference OF over hours dura
ton with Spencer. nrs vice president OF the road
Thomas NJ King. second vice president and the general
counsel Mr.. Cowen Nothing could be learned Of the
subjects there under discussion, but IL Understood
that Mr.. Garrett simply talked matters generally
and gave rna instructions before his departure
Henry tlrws sail TO reporter: " Mr.. Garretts posi-
ton In regard to Mr. Ives is Mr.. Garrett told
that the actions To be brought against him would not
he anticipated trouble aud that least
anxious about the matter and would not interfere with
his pleasure.
There is little doubt that the actions arc
first to the securities which Mr. Ives
aud his partner gave Mr.. Garrett In the deal. Thev
claim that since he repudatoi the deal he should give
the securities lie claims that he Ia entitled
them. The serond action I. for Injunction TO prevent
him from discussing OF OF his property until tho nrs
suit settled that II his opponents wn they may II
The conduct OF hts affairs In his absence Mr. Garrett
leaves entirely Ia the hands OF his attorney He will sail
this morning the Etruria nj O'clock. with his wife.
A. b. Crane his private secretary land his wios maid